Common use of BASIC HIRE Clause in Contracts

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $35,700 2 $36,075 3 $36,469 2 4 $36,882 5 $37,316 Option year 1 $37,772 Option year 2 $38,251 Option year 3 $38,753 48 ADDITIONAL HIRE

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $35,700 17,400 2 $36,075 17,688 3 $36,469 17,989 2 4 $36,882 18,306 5 $37,316 18,639 Option year 1 $37,772 18,989 Option year 2 $38,251 19,356 Option year 3 $38,753 19,741 48 ADDITIONAL HIRE

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $35,700 15,500 2 $36,075 15,765 3 $36,469 16,043 2 4 $36,882 16,335 5 $37,316 16,642 Option year 1 $37,772 16,964 Option year 2 $38,251 17,303 Option year 3 $38,753 17,658 48 ADDITIONAL HIRE